{"id":414406,"date":"2023-07-02T17:57:57","date_gmt":"2023-07-02T17:57:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=414406"},"modified":"2024-05-31T12:29:30","modified_gmt":"2024-05-31T12:29:30","slug":"shiba-inu-price-forecast-as-shib-faces-selling-pressure-from-94-billion-tokens-from-poly-network-exploit","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-forecast-as-shib-faces-selling-pressure-from-94-billion-tokens-from-poly-network-exploit","title":{"rendered":"Shiba Inu Price Forecast As SHIB Faces Selling Pressure From 94 Billion Tokens After Poly Network Exploit"},"content":{"rendered":"

Shiba Inu (SHIB<\/a>) price is down a negligible 1%, a remarkable feat considering selling pressure from billions of SHIB tokens sold over the last 24 hours. The meme coin sustains above a crucial support level, suggesting the network’s token burn mechanism is working.<\/p>\n

PolyNetwork Hacked, Shiba Inu, BNB, and BUSD Tokens Among Loot<\/h2>\n

In a recent announcement, the decentralized finance platform Poly Network revealed a massive exploit. The bad actors made away with 94 billion Shiba Inu tokens based on the announcement.<\/p>\n

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Dear users, we would like to inform you that Poly Network is temporarily suspending its services due to a recent attack. We are actively engaging with relevant parties and diligently assessing the extent of the affected assets. 【1\/3】<\/p>\n

— Poly Network (@PolyNetwork2) July 2, 2023<\/a><\/p><\/blockquote>\n